The Supreme Court of Panama invalidated the contract of a Hong Kong subsidiary to operate ports on the Panama Canal, ruling ...

The Trump administration has made it a priority to reduce Chinese influence over the strategically important waterway.

Panama’s Supreme Court has ruled that the concession held by a subsidiary of Hong Kong’s CK Hutchison Holdings to operate ...

CK Hutchinson, a Hong Kong-based multinational with ties to Beijing, had been operating the ports for more than 20 years.

The move follows Donald Trump's previous claim the US was taking the crucial Panama canal "back" from China.

In a blow to China, the Supreme Court said CK Hutchison’s contract breaches the constitution.

The ruling delivers a victory to President Trump, who has said he wants America to control the canal, and a blow to the longtime ports operator, CK Hutchison.

Panama's Supreme Court annulled on Thursday the concession allowing Hong Kong-based CK Hutchison to operate ports at the Panama Canal, a ruling that undermines Chinese sway over the waterway. On ...